How Can RRSP Contributions Help Maximize My Canada Child Benefit (CCB)?

CCB is income-tested. When you contribute to your RRSP:

• Your taxable income goes down

• Your net family income decreases

• CRA recalculates your CCB

• You may receive higher monthly CCB payments

RRSP contributions give you:

• Tax refund today

• Higher CCB payments

• Retirement savings growth

Best Time to Contribute

Contributing before the tax deadline (usually end of February)

If your family income is near a CCB reduction threshold, RRSP contributions can:

• Push your income into a lower bracket

• Increase your CCB by hundreds or even thousands per year